Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Residential Land in Sioux Falls Title is generated by Realmo AI

    5609 E Chandler Dr, Sioux Falls, SD 57110

    View on Map
    Claim this Listing
    For Sale
    $179,900

    LAND - Sioux Falls, SD

    Lot size:
    0.69 Acres
    Added:
    May 6, 2026
    Days on Market:
    16
    Last Refresh:
    May 21 at 1:06 pm

    Property Features for 5609 E Chandler Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    APN
    99200
    Lot size
    0.69 Acres

    Taxes and HOA fees

    Tax Description
    Lot 3 Block 1 of Canterbury North Addn
    Tax Annual Amount
    1597

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    John Schutte

    Listing agent John Schutte

    Listing office Keller Williams Realty Sioux Falls 6300 S Connie Avenue, Sioux Falls, SD

    Listing date May 6, 2026

    MLS# 22603182 Listing URL

    Copyright © 2026 Realtor Association of the Sioux Empire MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Breathtaking, unobstructed views of Sioux Falls and surrounding countryside.
    • Located in the highly sought‑after Brandon School District.
    • Guaranteed privacy with adjacent land purchased by the school district, preventing future close neighbors.
    • Generously sized lot perfect for landscaping, entertaining, and family activities.
    • Rare opportunity to own one of the last remaining lots in Canterbury North.
    • Utilities available: Natural Gas, Public Water, and Public Sewer.

    Overview

    This residential land offers space, privacy, and views across Sioux Falls and the surrounding countryside. Located in a refined neighborhood within the Brandon School District, the property provides beauty and long-term peace of mind. The school district has purchased the adjacent land for a future school. The 0.6916-acre lot is suitable for landscaping, outdoor entertaining, family activities, and gardening. This is one of the last remaining lots available in Canterbury North.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sioux Falls
    County
    Lincoln
    State
    South Dakota
    Longitude
    -96.6569316
    Latitude
    43.569021

    Nearby Similar for Sale

    • $2,600,000
      14,368 SF

      Historic Office Building Near Downtown

      Historic Sioux Falls office building with ample parking.
      335 N Main Ave, Sioux Falls, SD 57104
      View Details
    • $1,198,400
      2,942 SF

      Sioux Falls Executive Office Space

      Prime office space with golf course frontage in Sioux Falls.
      600 E TAN TARA Cir, Sioux Falls, SD 57108
      View Details
    • $650,000
      5,200 SF

      Sioux Falls Four-Plex Investment

      Immaculately maintained four-plex in a highly desirable Sioux Falls area.
      2800 E Madison St, Sioux Falls, SD 57103
      View Details
    • $675,000
      5,832 SF

      Sioux Falls 6-Plex Investment

      Well-maintained 6-plex in central Sioux Falls with income potential.
      1011 S 2nd Ave, Sioux Falls, SD 57105-0849
      View Details
    • $325,000
      2,204 SF

      High-Performing Sioux Falls 5-Plex

      Turnkey 5-unit property with strong rental upside and modern finishes.
      1118 W 8th St, Sioux Falls, SD 57104-2876
      View Details
    • $624,500
      4,260 SF

      Sioux Falls Fourplex with Garages

      Well-maintained fourplex in Sioux Falls with garages and fireplaces.
      3005 S Cliff Ave, Sioux Falls, SD 57105
      View Details
    • $370,000
      2,431 SF

      Sioux Falls Multifamily Investment Property

      Multifamily property with updated features and large backyard.
      5100 W 47 St, Sioux Falls, SD 57106
      View Details
    • $225,000
      1,813 SF

      Sioux Falls Duplex Investment Opportunity

      High-performing duplex near downtown Sioux Falls with immediate income potential.
      310 & 308 S Walts Ave, Sioux Falls, SD 57104-3545
      View Details
    • $1,300
      850 SF

      Sioux Falls Office Space

      Office space near downtown Sioux Falls with reception and offices.
      120 S Indiana Ave, Sioux Falls, SD 57104
      View Details
    • $309,900
      2,478 SF

      Sioux Falls Duplex Investment Opportunity

      Well-maintained duplex near downtown Sioux Falls, ideal for investors.
      1012 W 8th St St E, Sioux Falls, SD 57104
      View Details
    • $1,540
      1,683 SF

      Office Space Near Downtown

      Office space featuring reception area, offices, and open space.
      120 S Indiana Ave, Sioux Falls, SD 57104
      View Details
    • $1,500,000
      18,296 SF

      Spacious Showroom on E 10th

      Highly visible showroom with ample parking and easy highway access.
      2715 E 10th St, Sioux Falls, SD 57103
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Spacious residential land with breathtaking views in Sioux Falls, SD.
    Where is this residential land & home lot located?
    The property is located at 5609 E Chandler Dr Sioux Falls, SD.
    What is the asking price?
    The asking price for this property is $179,900.
    What are key features of this property?
    This property features: Breathtaking, unobstructed views of Sioux Falls and surrounding countryside.; Located in the highly sought‑after Brandon School District.; Guaranteed privacy with adjacent land purchased by the school district, preventing future close neighbors.
    (605) 275-0555
    We can help!
    Listing Contact
    John Schutte
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5609 E Chandler Dr, Sioux Falls, SD 57110
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!